NORTH AMERICA METALWORKING FLUIDS MARKET FORECAST 2020-2028
The North America metalworking fluids market is evaluated to register a CAGR of 2.91% over the forecast period, 2020-2028. The manufacturing activities and vehicle sales and production are the factors positively influencing the market growth in the region. The metalworking fluids market of the North American region is divided into the US and Canada for further analysis.
NORTH AMERICA METALWORKING FLUIDS MARKET FORECAST 2020-2028
Europe Metalworking Fluids Market by Product Type (Removal Fluids, Forming Fluids, Protecting Fluids, Treating Fluids) by Application Types(Transportation Equipment, Machinery, Fabricated Metal Products, Primary Metals, Metal Cans and Others) & by Geography
The North America metalworking fluids market is evaluated to register a CAGR of 2.91% over the forecast period, 2020-2028. The manufacturing activities and vehicle sales and production are the factors positively influencing the market growth in the region.
The metalworking fluids market of the North American region is divided into the US and Canada for further analysis. The United States market is demonstrating strong growth due to increasing manufacturing activities. Globally, the United States is the second-largest market for vehicle sales and production. As compared to 2017, the production and sales recorded a growth rate of around 1.1% and 0.86% in 2018. Still, the US automotive industry is going through a huge turmoil. The sales have fallen by 2% in the first half of 2019, and the trend is expected to continue over the next three years, thereby hindering the demand for the metalworking fluids. The industry is also alarmed by the trends in electric vehicles, as automotive lubricants have the highest demand in the lubricant category. However, automotive OEMs are adopting new engine technologies designed to improve fuel economy, resulting in demand for synthetic oils. Furthermore, the US construction industry is growing at a steady pace since 2019, and is predicted to continue at a growth rate of 4.5% through 2020. The oil and gas production has more than doubled in the last decade. The government is also taking remarkable initiatives towards the expansion of off-shore oil drilling in the Arctic and Atlantic. All these factors are initiating market growth in the region.
Houghton International, Inc., headquartered in Norristown, Pennsylvania, US manufactures and supplies specialty chemicals, oils, and lubricants. The company has 14 manufacturing units across the globe.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- MARKET DEFINITION
- KEY DRIVERS
- GROWING DEMAND FROM THE TRANSPORTATION INDUSTRY
- RISING DEMAND FOR INNOVATIVE PRODUCTS AND R&D ACTIVITIES
- KEY RESTRAINTS
- VULNERABLE TO MICROBIAL ATTACK
- ENVIRONMENT, HEALTH, AND SAFETY ISSUES
- IMPACT OF ELECTRIC VEHICLES (EVS) IN THE FUTURE
- KEY ANALYTICS
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCE ANALYSIS
- BUYER POWER
- SUPPLIER POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- KEY BUYING CRITERIA
- COST
- AVAILABILITY
- REGULATIONS
- MARKET BY PRODUCT
- REMOVAL FLUIDS
- FORMING FLUIDS
- PROTECTING FLUIDS
- TREATING FLUIDS
- MARKET BY APPLICATION
- TRANSPORTATION EQUIPMENT
- MACHINERY
- FABRICATED METAL PRODUCTS
- PRIMARY METALS
- METAL CANS AND OTHERS
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- NORTH AMERICA
- COMPANY PROFILES
- HOUGHTON INTERNATIONAL INC.
- BLASER SWISSLUBE AG
- BP PLC
- EXXONMOBIL CORPORATION
- TOTAL S.A.
- FUCHS
- QUAKER CHEMICAL CORPORATION
- ENI SPA
- CHEVRON CORPORATION
- CRODA INTERNATIONAL PLC.
- VEEDOL INTERNATIONAL LTD.
- HINDUSTAN PETROLEUM CORPORATION LTD.
- MASTER FLUID SOLUTIONS
- HARDCASTLE PETROFER
- ZELLER + GMELIN GMBH CO. KG
TABLE LIST
TABLE 1: MARKET SNAPSHOT – METALWORKING FLUIDS
TABLE 2: NORTH AMERICA METALWORKING FLUIDS MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 3: NORTH AMERICA METALWORKING FLUIDS MARKET, BY PRODUCT, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 4: NORTH AMERICA METALWORKING FLUIDS MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 5: NORTH AMERICA METALWORKING FLUIDS MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA METALWORKING FLUIDS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 7: NORTH AMERICA METALWORKING FLUIDS MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)
FIGURES LIST
FIGURE 1: KEY INVESTMENT INSIGHTS
FIGURE 2: PORTER’S FIVE FORCE ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: KEY BUYING CRITERIA
FIGURE 6: NORTH AMERICA METALWORKING FLUIDS MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2019
FIGURE 7: NORTH AMERICA METALWORKING FLUIDS MARKET, BY REMOVAL FLUIDS, 2020-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA METALWORKING FLUIDS MARKET, BY FORMING FLUIDS, 2020-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA METALWORKING FLUIDS MARKET, BY PROTECTING FLUIDS, 2020-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA METALWORKING FLUIDS MARKET, TREATING FLUIDS, 2020-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA METALWORKING FLUIDS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019
FIGURE 12: NORTH AMERICA METALWORKING FLUIDS MARKET, BY TRANSPORTATION EQUIPMENT, 2020-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA METALWORKING FLUIDS MARKET, MACHINERY, 2020-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA METALWORKING FLUIDS MARKET, FABRICATED METAL PRODUCTS, 2020-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA METALWORKING FLUIDS MARKET, PRIMARY METALS, 2020-2028 (IN $ MILLION)
FIGURE 16: NORTH AMERICA METALWORKING FLUIDS MARKET, BY METAL CANS AND OTHERS, 2020-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA METALWORKING FLUIDS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 18: UNITED STATES METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)
FIGURE 19: CANADA METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- NORTH AMERICA
- MARKET BY PRODUCT
- REMOVAL FLUIDS
- FORMING FLUIDS
- PROTECTING FLUIDS
- TREATING FLUIDS
- MARKET BY APPLICATION
- TRANSPORTATION EQUIPMENT
- MACHINERY
- FABRICATED METAL PRODUCTS
- PRIMARY METALS
- METAL CANS AND OTHERS
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